What's Happening?
Robex Resources Inc. has announced the successful pouring of its first gold at the Kiniéro Gold Project in Guinea, West Africa. The gold pour was completed on schedule and within budget, with a gold bar weighing 2.64 kilograms produced in the first smelt. The project has been under development for 17 months, with nearly 5 million hours worked without a lost time injury. The Kiniéro plant is expected to reach full operational capacity by early Q1 2026. This project marks Robex's second producing asset, complementing its Nampala project in Mali. The company has also secured options to buy back and extinguish the Mansounia and Oragem royalties, enhancing its financial outlook.
Why It's Important?
The first gold pour at Kiniéro is a critical milestone for Robex Resources,
highlighting its operational efficiency and strategic growth in the West African mining sector. This development is pivotal as it aligns with Robex's plans to merge with Predictive Discovery, aiming to establish a major gold mining hub in the region. The merger is projected to increase annual production to over 400,000 ounces by 2029, significantly boosting Robex's market presence and shareholder value. The successful execution of this project underscores Robex's capability to deliver on large-scale mining operations, which is crucial for its future expansion plans.
What's Next?
Robex is set to continue ramping up operations at the Kiniéro site, with commercial production anticipated in early 2026. The company is also progressing with its merger with Predictive Discovery, which will integrate the Kiniéro and Bankan projects. This merger is expected to create a mid-tier gold producer in West Africa, enhancing Robex's competitive edge. Additionally, Robex is focused on extinguishing the Mansounia and Oragem royalties, which will improve its financial stability and profitability, positioning the company for further growth and investment opportunities.
